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    Adrian Tan - DS7 Answer Sheet - DS7 Journal

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    Adrian Tan
    Mr. Dy invested $20,000 cash into the business. Furniture costing $2,000 was purchased on account. Mr. Dy withdrew $1,500 cash from the business. $6,000 of salaries and $4,500 of service revenue were recorded. Utility bills of $7,899 and $20,000 of medical procedure revenue were also recorded. Finally, $5,000 of medical supplies were purchased and recorded as an investment from Mr. Dy.

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    Adrian Tan - DS7 Answer Sheet - DS7 Journal

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    Adrian Tan
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    Mr. Dy invested $20,000 cash into the business. Furniture costing $2,000 was purchased on account. Mr. Dy withdrew $1,500 cash from the business. $6,000 of salaries and $4,500 of service revenue were recorded. Utility bills of $7,899 and $20,000 of medical procedure revenue were also recorded. Finally, $5,000 of medical supplies were purchased and recorded as an investment from Mr. Dy.

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    Mr. Dy invested $20,000 cash into the business. Furniture costing $2,000 was purchased on account. Mr. Dy withdrew $1,500 cash from the business. $6,000 of salaries and $4,500 of service revenue were recorded. Utility bills of $7,899 and $20,000 of medical procedure revenue were also recorded. Finally, $5,000 of medical supplies were purchased and recorded as an investment from Mr. Dy.

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    © All Rights Reserved
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    5 views4 pages

    Adrian Tan - DS7 Answer Sheet - DS7 Journal

    Uploaded by

    Adrian Tan
    Mr. Dy invested $20,000 cash into the business. Furniture costing $2,000 was purchased on account. Mr. Dy withdrew $1,500 cash from the business. $6,000 of salaries and $4,500 of service revenue were recorded. Utility bills of $7,899 and $20,000 of medical procedure revenue were also recorded. Finally, $5,000 of medical supplies were purchased and recorded as an investment from Mr. Dy.

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    of 4

    REF NO:

    DATE GENERAL JOURNAL


    PARTICULARS and EXPLANATION F DEBIT CREDIT

    1 2023
    2 Mar 1 Cash 2 0 0 0 0 0 0

    3 Dy, Capital 2 0 0 0 0 0 0

    4 *to record cash investment for Mr. Dy


    5

    6 3 Furnitures and Fixtures 2 0 0 0 0 0

    7 Accounts Payable 2 0 0 0 0 0

    8 *to record purchased furniture on account


    9

    10 6 Dy, Drawing 1 5 0 0 0 0

    11 Cash 1 5 0 0 0 0
    12 *to record withdrawal of owner
    13

    14 7 Accounts Payable 7 0 0 0 0

    15 Furnitures and Fixtures 7 0 0 0 0

    16 *to record returned defective furniture on account


    17

    18 8 Salaries and Wages Expense 6 0 0 0 0

    19 Cash 6 0 0 0 0

    20 *to record paid salary


    21

    22 10 Cash 4 5 0 0 0

    23 Service Revenue 4 5 0 0 0

    24 *to record cash from rendered services


    25

    26 12 Notes Payable 8 0 0 0 0

    27 Notes Receivable 8 0 0 0 0

    28 *to record note from customer


    29

    30 15 Utility Expense 7 8 9 9 0
    31 Utility Payable 7 8 9 9 0

    32 *to record utility bills


    33

    34 17 Accounts Receivable 2 0 0 0 0 0

    35 Service Revenue 2 0 0 0 0 0

    36 *to record payment for medical procedure


    37

    38 18 Supplies 5 0 0 0 0

    39 Dy, Capital 5 0 0 0 0

    40 *to record bought medical supplies


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